Portsmouth have been given another week before they will have to go court about the money they owe.
Pompey will have to prove that they can pay off some of their debts, otherwise they could lose nine points in the Premier League - or be closed down.
If they lose points they'll definitely be relegated at the end of the season.
It's thought that Portsmouth owe the government more than £7.4 million. And if they carry on spending money they'll only end up owing more cash.
PORTSMOUTH IN CRISIS
May 2009: Club are taken over by Sulaiman Al Fahim
Oct 2009: Al Fahim sells 90% of the club to Ali Al Faraj
Oct 2009: Premier League stops Portsmouth registering new players
Dec 2009: Portsmouth don't pay players for the third time
Jan 2010: Premier League says it will give the money Pompey makes from TV directly to the people they owe
4 Feb 2010: Hong Kong businessman Balram Chainrai's company takes over some of the club
9 Feb 2010: Portsmouth can't agree a deal to pay the tax money they owe
10 Feb 2010: High Court gives them seven more days
Last week Portsmouth announced their fourth new owner of the season.
Hong Kong businessman Balram Chainrai took over from Ali Al Faraj at the cash-strapped club.
In recent months, the club hasn't been able to pay players' wages, even though owners have got rid of some big names and borrowed more money to keep going.